AerCap Signs Lease Agreements With Spirit Airlines For 20 Aircraft

October 7, 2021 12:38 PM | 1 min read | Make a Comment

AerCap Holdings N.V. AER signed agreements with Spirit Airlines Inc SAVE to lease 20 new A320neo Family aircraft, scheduled to begin delivery in 2022, with deliveries continuing through 2023 and 2024. The financial terms of the arrangement were not disclosed.
Spirit Airlines expects the 20 new aircraft to help achieve its previously announced capacity plans for 2022 and 2023 and targeted growth in 2024.
In a separate statement, AerCap disclosed details about business transactions during Q3.
AerCap has signed lease agreements for 42 aircraft, purchased 7 aircraft, executed sale transactions for 11 aircraft, and signed financing transactions for ~$1.1 billion during the quarter.
Price Action: AER shares are trading higher by 0.77% at $60.755 on the last check Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.